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The time component favors the

Expanded Flat

Posted by steve on 28th of Sep 2022 at 07:05 pm

The time component favors the gray option for a larger 4th wave the other option is for short term view of Wave 3 extending 

Definitely - see sticky post above 

SPX 15 Views (2 Roadmaps shown) but will adjust if stronger

Posted by steve on 28th of Sep 2022 at 05:47 pm

$SPX - Chart Link- posted two different options here - both paths would lead to a test of the 200 Week MA (approx 3590).

The key to any view will be the NATURE of the next pullback and subsequent bounce

arun - refresh the blog

Expanded Flat

Posted by steve on 28th of Sep 2022 at 05:41 pm

arun - refresh the blog as I added comments 

Expanded Flat

Posted by steve on 28th of Sep 2022 at 05:29 pm

$SPX - Chart Link

QQQ - Chart Link

Other option that I mentioned to Matt would be that today's move is a Wave A then B pullback (say 50%) then up again in Wave C prior to Wave 5 down (this would close the 3758 gap the fundamental posted) 

You passed with flying colors

ES Levels (9/30)

Posted by steve on 28th of Sep 2022 at 05:00 pm

You passed with flying colors but not an ED - I will post my views 

QQQ 60

Posted by steve on 28th of Sep 2022 at 04:28 pm

QQQ - Chart Link- took some hedges 

pintopower - the QQQs could

ES Levels (9/30)

Posted by steve on 28th of Sep 2022 at 04:15 pm

pintopower - the QQQs could have completed wave C today of an expanded flat for Wave 4  - same with SPX - the next PULLBACK will tell the tale 

ES 3755 strong pivot pulling

ES Levels (9/30)

Posted by steve on 28th of Sep 2022 at 03:59 pm

ES 3755 strong pivot pulling back 

  

Open systems comments

Posted by steve on 28th of Sep 2022 at 03:46 pm

  

SPX 1 Updated

Posted by steve on 28th of Sep 2022 at 03:43 pm

PUT THIS ON YOUR CALENDER - PCE FRIDAY

Posted by steve on 28th of Sep 2022 at 03:21 pm

Core PCE (inflation data) came in at 4.6% y-o-y last month. This month's reading (coming Friday) is expected to be 4.7% based on MarketWatch median forecast. All TBD.

Just another 100 point range

Posted by steve on 28th of Sep 2022 at 03:15 pm

Just another 100 point range day for ES  .  Last night's ES Pivot support 3612 produced a big response (aided of course by the BOE) 

SPX 60

Posted by steve on 28th of Sep 2022 at 03:09 pm

$SPX - Chart Link- comments directly below relate to this chart 

SPX notice the break of the accelerated channel which signified and short term trend change..squeeze continues

SPX notice the break of

SPX 120 Mapping

Posted by steve on 28th of Sep 2022 at 03:08 pm

SPX notice the break of the accelerated channel which signified and short term trend change..squeeze continues 

SPX/ES now testing yesterday highs

Posted by steve on 28th of Sep 2022 at 03:04 pm

SPX/ES now testing yesterday highs

FNGR big move since morning post - trail up stops 

SPX simple abc pullback off

SPX 1

Posted by steve on 28th of Sep 2022 at 02:37 pm

SPX simple abc pullback off the highs and now retest of those highs 

Any Florida members please stay

Posted by steve on 28th of Sep 2022 at 02:25 pm

Any Florida members please stay safe 

SPX 120 Mapping

Posted by steve on 28th of Sep 2022 at 02:21 pm

$SPX - Chart Link- from the SPX 4325 you can see three large waves down (both exhibit similar characteristics with shallow final retracements).  Still not clear cut but will monitor IF we see further strength.  Continue to trade what's in FRONT OF YOU fist and foremost.    Please understand that there are alternatives and this is subject to CHANGE 

This shows a move HIGHER after the channel break 

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